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Summary OPEC output increased by 618 kb/d in August after being revised higher in July 2022 by 37 kb/d and June 2022 output was revised up by 5 kb/d compared to last month’s MOMR. For the ordinary least squares trend for the October 2021 to August 2022 period for OPEC crude...
Summary Recent U.S. legislation alters the trajectory of GHG emissions and expands the opportunity set for midstream issuers. The bill enhances and expands the incentives for a diverse array of investments, enabling decarbonization across the U.S. economy. The strength of IRA ...
Summary The cost of developing upstream oil and gas assets, as tracked by the IHS Markit Upstream Capital Costs Index (UCCI), increased by over 7% in the first half of 2022. The rising in costs was driven by several factors: the conflict between Russia and Ukraine (leading to risi...
Summary May Non-OPEC production decreased by 148 kb/d to 48,834 kb/d. World oil production in May decreased by 638 kb/d to 78,947 kb/d according to the EIA. The supply-demand situation for 2023 is expected to be very tight with February 2023 showing a shortage of over 2,000 kb...
Summary Unsurprisingly, the universe of frontier and early-stage producers has changed dramatically since we last addressed the topic in a major report in 2017. It is already clear that not all frontier governments will be able to recognize and capitalize on the current situation ...
Summary DRIP is a risky, double-short oil and gas ETF. Its long-term performance of DRIP has been awful, but there are times when it has provided outsized gains. My projections of OECD inventories imply crude oil futures prices are overvalued. If the Iran nuclear deal is c...
Summary OPEC output was revised lower in June 2022 by 36 kb/d and May 2022 output was revised down by 76 kb/d compared to last month’s MOMR. The Russian crude plus condensate data has been harder to find since March when the war with Ukraine started. The average annual ...
An upward trend in marketed utilisation and idle newbuilds leaving yards are some sure signs that the offshore rig market is tightening up. The global demand for jackups is expected to stay strong, with the largest increase to come from the Middle East. With the supply of hot and ...
Rising crude oil prices propelled the energy sector ( NYSEARCA: XLE ) to the top of the S&P sector leaderboard on Thursday, as front-month WTI September crude ( CL1:COM ) reclaimed the $90/bbl level, closing +2.4% to $90.07/bbl. U.S. natural gas prices ( NG1:CO...
April Non-OPEC production decreased by 1,294 kb/d to 48,925 kb/d. Of the 1,294 kb/d decrease, the biggest decreases came from Russia, 965 kb/d, Kazakhstan, 175 kb/d, Canada, 95 kb/d and Norway, 78 kb/d. Mexico’s production as reported by the EIA for April dropped by 18 kb/d to ...
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2024-05-20 11:08:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-04-20 21:56:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-03-22 00:02:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...